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the thinking-- the president will keep bernanke employed, which means interest rates stay very, very low. suzanne pratt, nbr, new york. >> tom: stocks moved higher ahead of tomorrow's report on the september job market. the s&p 500 really gained momentum just after 10:00 a.m. eastern time after the commerce department released its report on september factory orders. while total orders were down, it wasn't as bad as feared. the index finished higher by seven tenths of a percent. trading volume held steady on the big board-- 672 million shares. it was just under 1.6 billion on the nasdaq. financials and materials were two strongest stock sectors, up 1.5% and 1.3%, respectively. the energy sector recovered some of what it had lost earlier this week, rebounding 1%. bank of america and j.p. morgan were among those financial stocks fueling the gains and helping move the dow jones industrial average to its best gain in three weeks. bank of america gained 3.3% on heavy volume. this is b-of-a's highest price since mid-september. j.p. morgan rallied 2.4% to its highest close since early may. j
the thinking-- the president will keep bernanke employed, which means interest rates stay very, very low. suzanne pratt, nbr, new york. >> tom: stocks moved higher ahead of tomorrow's report on the september job market. the s&p 500 really gained momentum just after 10:00 a.m. eastern time after the commerce department released its report on september factory orders. while total orders were down, it wasn't as bad as feared. the index finished higher by seven tenths of a percent....
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obama became president, the unemployment rate would be 10%. if we had same percentage of people looking for work today looking when unemployment rate peaked at 10% the unemployment rate today would still be 9.7 using that household data. which means most effective employment program the obama administration has been able to come up with is persuade people to leave the labor force. mr. obama managed to drive down number of adults that want a job. that is a great way to drive unemployment down. i would think the other guest would consider that. melissa: gary, last word before we go. >> look the employment rate has risen in last few months. there is no doubt about that. i don't understand this labor force participants rate idea. yes the participation rate is lower when the economy was expanding strongly. yes, that's true but the fact of the matter is, employment has been rising over the last three years, period. it is just not rising fast enough to put a big a dent in unemployment rate as we would all like to see, period. melissa: gentlemen, grea
obama became president, the unemployment rate would be 10%. if we had same percentage of people looking for work today looking when unemployment rate peaked at 10% the unemployment rate today would still be 9.7 using that household data. which means most effective employment program the obama administration has been able to come up with is persuade people to leave the labor force. mr. obama managed to drive down number of adults that want a job. that is a great way to drive unemployment down. i...
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Oct 5, 2012
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president obama and mitt romney will be campaigning in virginia today. this will give him something to crow about today. it's the first time unemployment has been below 8% since he took office. the romney campaign will likely say it's not enough. some republicans are tweeting this morning the administration must be fudging the number. we are reaching out to both campaigns for reaction this morning. reporting live from washington, d.c. alison burns. >>> time now 6:15. the u.s. secret service has new policies in place now after the most embarrassing scandal in the secret service history. the new policy would ban excessive drinking and sharing of work related information on sites including facebook. all of this comes five months after more than a dozen secret service employees were accused of drunken partying with prostitutes. >>> morgan hill woman accused of abandoning her ten-year-old daughter during a shoplifting attempt is behind bars this morning in santa clara county. she previously used the name marcy keyland. her daughter is staying with her grandmo
president obama and mitt romney will be campaigning in virginia today. this will give him something to crow about today. it's the first time unemployment has been below 8% since he took office. the romney campaign will likely say it's not enough. some republicans are tweeting this morning the administration must be fudging the number. we are reaching out to both campaigns for reaction this morning. reporting live from washington, d.c. alison burns. >>> time now 6:15. the u.s. secret...
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Oct 5, 2012
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the unemployment rate. >>> samsung posted a record third quarter profit. the giant reports earnings of $7.3 billion. that is nearly twice of what it earned during the same time last near. samsung credits strong sales and high end tvs. >>> online game maker zynga stunned investors when it announced it will post a lost in the last quarter. zynga is behind the games including farmville and mafia wars. >>> there is a new boy scout controversy in the bay area where a young man is blocked from becoming an eagle scout and what sex has to do with it. >>> rushing to a rescue after a school bus crashes in texas. the reason the concern was especially high for the passengers. >>> good morning. a lot of low and high clouds. mostly cloudy here this morning. kind of cool too. it will be partly sunny, partly cloudy. >>> three people recovering from this school bus crash in san antonio, texas. the bus plunged 15 feet down off a freeway overpass. investigators say a car cut off that school bus. the driver then lost control and then went off the road. that school bus by the
the unemployment rate. >>> samsung posted a record third quarter profit. the giant reports earnings of $7.3 billion. that is nearly twice of what it earned during the same time last near. samsung credits strong sales and high end tvs. >>> online game maker zynga stunned investors when it announced it will post a lost in the last quarter. zynga is behind the games including farmville and mafia wars. >>> there is a new boy scout controversy in the bay area where a young...
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the obama campaign was running ads on that, how he ruwants to cut the tax rates. he said the overnight, no i am not cutting taxes on the richest. to want to lower rates overall by 20% and eliminate loopholes, deductions, exemptions, that sort of thing. which i think all serious people who live in the tax code think need to be done here i. it is the richest of all to take advantage of tax deductions. you always feel like with reduction, if someone else is getting a better deal than you are. mitt romney has not specified which deductions. i can think of a few. reductions for state and local taxes. wash of the rest of us be supporting the high tax rate of new york and california? he said this is my general proposal -- we will argue about it, talk about it. we will work it out. even the tax policy center that claims this would be a $5 trillion tax cut for the rich, they have now admitted we were not calculated all of the deductions. river just guessing which deductions you would eliminate. so, this is an opinion about what the results will be. republicans have a diffe
the obama campaign was running ads on that, how he ruwants to cut the tax rates. he said the overnight, no i am not cutting taxes on the richest. to want to lower rates overall by 20% and eliminate loopholes, deductions, exemptions, that sort of thing. which i think all serious people who live in the tax code think need to be done here i. it is the richest of all to take advantage of tax deductions. you always feel like with reduction, if someone else is getting a better deal than you are. mitt...
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. >> reporter: it's the lowest unemployment rate since president obama took office. the labor departments report for september shows the economy added 114,000 jobs last month. the unemployment rate drops significantly to 7-point 8%, from 8.1% in august, that is a surprise because economists were expecting unemployment to pick up. president obama and mitt romney will both be campaigning in virginia this morning, the obama campaign took a hit with his debate performance this weeks this will give him something to crow about today. the romney campaign, mitt romney issued a statement saying this is not what a real recovery looks like. he goes on the say, the real unemployment rate is closer to 11% if you count the people who stopped looking for work. there is also a lot of speculation on line on social media this morning, that the obama administration could be fudging the numbers. we took that question right to the secretary of labor this morning. she tells us it's ludicrous to say the numbers could be manipulated. >>> secret service has new policies in place after one of
. >> reporter: it's the lowest unemployment rate since president obama took office. the labor departments report for september shows the economy added 114,000 jobs last month. the unemployment rate drops significantly to 7-point 8%, from 8.1% in august, that is a surprise because economists were expecting unemployment to pick up. president obama and mitt romney will both be campaigning in virginia this morning, the obama campaign took a hit with his debate performance this weeks this will...
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Oct 5, 2012
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the surprise is the jobless rate fell to 7.8%. >> the same rate as january 2009 when president obama took office. >> now and then you're going to say something that doesn't come out right. in this case i said something that's just completely wrong. >> for the first time romney backed away from his controversial remarks about the 47% of americans who don't pay federal income taxes. >> this whole campaign is about the 100%. >> you want to be president, you owe the american people the truth. >>> dozens of american airline flights are canceled. the latest fallout from a seat scare on several flights. >>> gas prices are going up across the country, but in california, they're soaring to a panic level, hovering near the $6 mark. >> oh, my god, i've never seen it so high. this is unbelievable. >>> get a look at this, the first snow of the season, making a mess across the upper midwest. >> we're excited. >>> sucker punch, camera inside a city bus. >> that bus driver becomes the target of an angry fare jumper. >> oh! >>> james bond made his big screen debut 50 years ago. >> back in england, ev
the surprise is the jobless rate fell to 7.8%. >> the same rate as january 2009 when president obama took office. >> now and then you're going to say something that doesn't come out right. in this case i said something that's just completely wrong. >> for the first time romney backed away from his controversial remarks about the 47% of americans who don't pay federal income taxes. >> this whole campaign is about the 100%. >> you want to be president, you owe the...
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Oct 5, 2012
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as we mentioned, the new jobless rate, 7.8%, it is the lowest of the obama presidency. and this could brighten the prospect of course for his re-election. however, mitt romney is out and about today, also in virginia, we saw the president, though, already on ohio, romney saying today that the recent unemployment is dropping is that more and more americans ve giv given given up finding work, even though more people are entering the pool of perspective workers. let's listen to romney and then the president. >> i'll tell you this, which i'm president of the united states, when i'm president of the united stat states, that unemployment rate is going to come down, not because people are giving up and dropping out of the workforce, but because we're creing more jobs. i will create jobs and get america working again. >> it is a reminder that this country has come too far to turn back now. because of your strength and resilience, the strength and resilience of the american people, we made too much progress to return to the policies that led to the crisis in the first place. i c
as we mentioned, the new jobless rate, 7.8%, it is the lowest of the obama presidency. and this could brighten the prospect of course for his re-election. however, mitt romney is out and about today, also in virginia, we saw the president, though, already on ohio, romney saying today that the recent unemployment is dropping is that more and more americans ve giv given given up finding work, even though more people are entering the pool of perspective workers. let's listen to romney and then the...
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Oct 5, 2012
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and good news for president obama after his showing at the debate. we will have reaction from washington and wall street. >>> cancelled, american airlines grounds dozens of flights coast to coast, urgent repairs being made as the company discovers a new reason for what causes seats to become loose on a plane. >>> duelling divas, a knife threat on "american idol" audition. why mariah carey is adding new security today on friday, october 5th, 2012. >>> from nbc news, this is "today" with matt lauer and savannah guthrie. live from studio 1-a in rockefeller plaza. >>> good morning, welcome to "today," 7:00 a.m. on the west coast on friday morning, i am savannah guthrie. >> i am david gregory once again in for matt. the president was looking for lift after the debate, he got it with these jobs numbers that have just come out this morning. there are questions about how we got here. >> it is a confusing report. the economy added 114,000 jobs in september which is actually less than the previous month, but the unemployment rate dropped from 8.1 to 7.8%, so c
and good news for president obama after his showing at the debate. we will have reaction from washington and wall street. >>> cancelled, american airlines grounds dozens of flights coast to coast, urgent repairs being made as the company discovers a new reason for what causes seats to become loose on a plane. >>> duelling divas, a knife threat on "american idol" audition. why mariah carey is adding new security today on friday, october 5th, 2012. >>> from...